Maruti Suzuki India's board of directors have approved the financial results for the quarter ending December 2013 (October-December).
Maruti Suzuki India sold a total of 288,151 units of vehicles in quarter 3, sales declined by 4.4 per cent over same period last fiscal. While, the exports in quarter 3 of current fiscal were 19,966 units, a drop of 38.6 per cent over quarter 3 previous year.
During the period, market share of the company in the domestic market stood at 42.8 per cent, a growth of 2.5 per cent over quarter 3 2012-13.
The company registered net sales (net of excise) of Rs. 106,197 million, a drop of 3 per cent over the same period in the previous year.
The net profit in quarter 3 (2013-14) stood at Rs 6,811 million, a growth of 35.9 per cent compared to the same period last year. Due to higher localization, favourable foreign exchange and cost reduction initiatives by the company contributed significantly to Net Profit.
During the 9 months period, Maruti Suzuki sold 830,171 units including 75,078 units in exports as compared to 827,725 units including 85,550 units for exports in same period last fiscal.
The Company’s net sales stood at Rs 308, 266 million in April-December 2013 period, a growth of 4.3 per cent over the same period last fiscal.
The net profit during the 9 month period stood at Rs 19,830 million, a growth of 72.1 per cent over same period last fiscal.